What changed in this filing

/stocks — the workspaceLOADING

Item 5. Market for Registrant’s Common Equity

2023-03-28 compared with 2022-03-29 · 27 added, 44 removed, 27 unchanged (72% of the section changed)

1 unchanged sentence

Market Information

units, common stock and warrants are traded on the Nasdaq Capital Market under the symbols “MURFU,” “MURF,”

and “MURFW,” respectively.

units, common stock and warrants are traded on the Nasdaq Capital Market under the symbols “MURFU,” “MURF,” and

“MURFW,” respectively.

Our units commenced public trading on February 3, 2022 and our common stock and warrants commenced

public trading on March 28, 2022.

March 28, 2022, there were five holders of record of our common stock.

On March 27, 2023, there were

118 holders of record of our common stock.

have not paid any cash dividends on our common stock to date and do not intend to pay cash dividends prior to the completion of our initial

5 unchanged sentences

Use of Proceeds from Registered Offerings

Sales of Equity Securities

underwriting discounts or commissions were paid with respect to the below issuances, which were conducted as non-public transactions

and, as transactions by an issuer not involving a public offering, are exempt from registration under the Securities Act in reliance

upon Section 4(a)(2) of the Securities Act.

November 16, 2021, Murphy Canyon Acquisition Sponsor, LLC, our sponsor, purchased 4,312,500 founder shares for an aggregate purchase

price of $25,000, or approximately $0.006 per share.

On January 26, 2022, the Sponsor surrendered and forfeited 1,006,250 Founder

Shares for no consideration, following which the Sponsor holds 3,306,250 Founder Shares.

Simultaneously

with the closing of the initial public offering, we consummated the private sale to the sponsor of 754,000 units at a price of $10.00

per unit for total proceeds of $7,540,000.

Each unit is comprised of one Class A share and one warrant.

Each warrant is exercisable to

purchase one share of Class A common stock at a price of $11.50 per share, subject to adjustment.

The private placement units are identical

to the units sold in the initial public offering, except that (a) the private placement units and their component securities will not

be transferable, assignable or saleable until 30 days after the consummation of the Company’s initial business combination except

to permitted transferees and (b) the warrants and rights included as a component of the private placement units, so long as they are

held by the sponsor or its permitted transferees, will be entitled to registration rights, respectively.

February 7, 2022, we consummated our initial public offering of 13,225,000 units, which included 1,725,000 units issued pursuant to the

10 unchanged sentences

Simultaneously

with the closing of our initial public offering, we completed the private sale of an aggregate of 754,000 placement units to the

sponsor at a purchase price of $10.00 per placement unit, generating gross proceeds to us of $7,540,000.

This issuance of placement

units was be made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act.

The placement

units are identical to the units sold in the initial public offering, except that (a) the placement units and their component

securities will not be transferable, assignable or saleable until 30 days after the consummation of the Company’s initial

business combination except to permitted transferees and (b) the warrants and rights included as a component of the placement units,

so long as they are held by the sponsor or its permitted transferees, will be entitled to registration rights, respectively.

Following the closing of the initial public offering, an amount of $139,790,000 from the net proceeds of the sale of the units in

the initial public offering and the sale of the placement units to the sponsor was to be placed in a Trust Account.

This resulted in

an overfunding of the Trust Account of $4,895,000.

As such, subsequent to the initial funding of the Trust Account, $2,000,000 was

transferred to our operating cash account and $2,895,000 was used to pay offering costs, including $2,745,000 of underwriting

discounts and expenses.

The proceeds held in the Trust Account are invested only in U.S.

government treasury obligations

with a maturity of 185 days or less or in money market funds meeting certain conditions under Rule 2a-7 under the Investment Company

Act of 1940, as amended, which invest only in direct U.S.

with the closing of our initial public offering, we completed the private sale of an aggregate of 754,000 placement units to the sponsor

at a purchase price of $10.00 per placement unit, generating gross proceeds to us of $7,540,000.

This issuance of placement units was

be made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act.

The placement units are identical

to the units sold in the initial public offering, except that (a) the placement units and their component securities will not be transferable,

assignable or saleable until 30 days after the consummation of the Company’s initial business combination except to permitted transferees

and (b) the warrants and rights included as a component of the placement units, so long as they are held by the sponsor or its permitted

transferees, will be entitled to registration rights, respectively.

Following the closing of the initial public offering, an amount of

$139,790,000 from the net proceeds of the sale of the units in the initial public offering and the sale of the placement units to the

sponsor was to be placed in a Trust Account.

This resulted in an overfunding of the Trust Account of $4,895,000.

As such, subsequent

to the initial funding of the Trust Account, $2,000,000 was transferred to our operating cash account and $2,895,000 was used to pay

offering costs, including $2,745,000 of underwriting discounts and expenses.

The proceeds held in the Trust Account are invested only

government treasury obligations with a maturity of 185 days or less or in money market funds meeting certain conditions under

Rule 2a-7 under the Investment Company Act of 1940, as amended, which invest only in direct U.S.

government treasury obligations.

connection with the initial public offering, we incurred $7,738,161 in transaction costs, including $2,645,000 of underwriting

discounts and commission, $4,628,750 of deferred underwriting fees and $464,411 of other offering costs.

connection with the initial public offering, we incurred $7,738,161 in transaction costs, including $2,645,000 of underwriting discounts

and commission, $4,628,750 of deferred underwriting fees and $464,411 of other offering costs.

has been no material change in the planned use of the proceeds from the initial public offering and private placement as is described

in our final prospectus dated February 2, 2022 and filed with the SEC on February 4, 2022.

“ January 2023 Extension ” as noted in Part I, Item I Business in this Annual Report on Form 10-K for additional

information regarding proceeds currently in the Trust Account.

Purchases of Equity Securities by the Issuer and Affiliated Purchasers

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 5. Market for Registrant’s Common Equity